S. Korea's exports drop 13.5% y/y in May

Arirang News 2019-07-01

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The outlook is gloomy for South Korea's exports,... with the latest data showing outbound shipments have fallen... for the seventh consecutive month in June.
The Trade Ministry announced on Monday,... Korea's total exports were around 44-point-two billion U.S. dollars last month.
That is down more than 13-percent...compared to the same period last year.
The ministry attributed the fall to the worsening trade dispute between the U.S. and China as well as falling semiconductor prices.
Imports also fell by more than 8 percent on-year in June... to around 40 billion dollars.

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